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How do I deposit money into my Kernel wallet?

The wallet is used to move money into Funds, US Shares & ETFs, or Save. This can't be used for KiwiSaver contributions.

Written by Alison Perkins

Important: always include your unique reference code.

Without it, we can't match your deposit to your account, and your funds will be delayed.

To deposit money into your Kernel wallet, follow the steps below:

Step 1. Open two separate web browsers - log in to your Kernel account on one, and log into your internet banking on another.

Step 2. Navigate to the web browser with the Kernel platform. Locate the 'Wallet' widget on the 'Overview' page. Click on the '+' icon within the Wallet widget.

Step 3. Select the 'Deposit to Kernel Wallet' option.

Step 4. Select the method you're using to make a deposit.

You can choose between:

  1. The Registered Payee option - this means you're searching Kernel's saved payee details through your bank app.
    Kernel's registered payee name: Kernel-Adminis Custodial Nominees Ltd

  2. The option to Create Payee - this means you're manually entering our bank details into bank app.

    Bank account name: Adminis Custodial Nominees Limited

    Bank account number: 02-0536-0225283-000

Both options on your screen will show your unique reference that must be used in the 'Reference' field of your payment. Scroll down to find it and use the "Copy" button.

Step 5. Navigate to your internet banking and make a payment using your method of choice.

Step 6. Paste your unique reference code from the Kernel browser into the Reference field for Kernel's statement details.

Important: Without your account's unique reference code, we can't match your deposit to your account, and your funds will be delayed.

Step 7: Complete the deposit payment.

How long does it take for money to appear in my wallet?

  • First deposit into Kernel: 1-2 business days to process.

  • Deposits from a new bank account: 1-2 business days to process.

  • All other deposits: usually within a few hours, as long as you've used the correct reference.

If we require any further information regarding your deposit, our team will be in touch with you. If no information is required, your deposit will automatically be allocated to your Kernel wallet. The best way to avoid delays is to use your unique reference code and ensure deposits are made from a bank account that is in your own name.

Common delays and troubleshooting

A common reason for delays is a missing or incorrect reference code. Double-check yours before making a payment.

Additional tips

  • Ensure the bank account you want to deposit from is linked to your Kernel wallet.

  • Check with your bank if deposits take longer than the usual 1-2 business days, as inter-bank transfer timings can vary.

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